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  1. #3161
    percy
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    Quote Originally Posted by King1212 View Post
    I think HLG is very well run company with good cash flow and no big debts...
    With huge ongoing lease liabilities [debt] retailers must be careful not to carry additional debt.
    What is encouraging is noting HLG strong online sale channel.
    Last edited by percy; 24-03-2019 at 09:44 AM.

  2. #3162
    Speedy Az winner69's Avatar
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    All fine on the HLG front ...no worries

    Although the trading environment in both New Zealand and Australia is still challenging, it has been encouraging that Group sales for the first seven weeks on the 2019 Winter season are +1.5% ahead of the same period last year. Following the appointment of Mary Devine from 1 April 2019 as the new Group Managing Director, the business will continue to focus on building digital engagement with our customers, cost control and improving our market share in the New Zealand and Australian fashion apparel sector in which we operate.



    http://nzx-prod-s7fsd7f98s.s3-websit...667/297605.pdf
    Last edited by winner69; 29-03-2019 at 09:35 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #3163
    ShareTrader Legend Beagle's Avatar
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    Very solid result with great divvy and I note that digital has grown nicely to 14% of sales and that they are investigating several additional retail opportunities for Glassons in Australia. Fair to say Glassons Australia has been a star performer and now has critical mass along with huge future potential.
    N.Z. best dividend hound's stock ? 44 cents of fully imputed dividends this year = 44/ 0.72 = 61.11 cps gross and on $4.60 this gives a gross yield of 13.3%.
    Recently added more and I think ~ $4 was the low as this is a much improved company with substantially higher sales than it was 3 years ago.
    Very impressive cuts to back office costs...they're running this thing like a well oiled Swiss watch. http://www.sharechat.co.nz/article/1...er-marginshtml
    Last edited by Beagle; 29-03-2019 at 09:47 AM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  4. #3164
    Speedy Az winner69's Avatar
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    Glassons Australia a bit of drag on profits - NPAT down $0.7m on last year

    Glassons NZ up $171k and Hallensteins about the same as pcp

    Overall without Storm NPAT down $0.5m

    in 'challenging' markets probsbly not too bad but lets hope H2 is pretty good. (winter sales up 1.7% so far won't cover the lost margin though)
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #3165
    Speedy Az winner69's Avatar
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    Hundreds of thousands of ordinary New Zealanders get a 7% or more pay rise next week .....should help
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #3166
    ShareTrader Legend Beagle's Avatar
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    Yeap, heaps more people will be able to afford mid priced clothing rather than the absolute cheapest rubbish from some other retailers.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  7. #3167
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Beagle View Post
    Yeap, heaps more people will be able to afford mid priced clothing rather than the absolute cheapest rubbish from some other retailers.
    Make that heaps more less a few ....a few being those that’ll lose their jobs because the boss can’t afford the increases and can’t put his prices up.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #3168
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    One should remember almost ALL clothing made in China at very similar costings but its up to retail to add margins of 100% 200% 300% take your pick ?

  9. #3169
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    Shareclarity unimpressed highlighting the 180bp contraction in GP margin

    It was noticeable but didnt seem that bad to me when I read the announcement
    It seemed within coo-eee as you might say , of normal variation, especially in this sector.

    They also say
    NPBT excl Storm declined 2.7%.
    For clarity, nothing I say is advice....

  10. #3170
    Banned
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    The only stock I haven't sold any shares in for near two years now and very happy to keep it that way.

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